President Trump on Wednesday abruptly reversed course on steep global tariffs that have roiled markets, upset members of his own party and raised fears of a recession. Just hours after he put punishing levies into […]
Tag: United States Economy
Delta Warns Trump’s Trade War Will Weigh on the Economy
Delta Air Lines on Wednesday became one of the largest American companies to warn that President Trump’s escalating trade war was weighing on its business and the global economy. Speaking before Mr. Trump reversed many […]
Oil Executives Refrain From Publicly Criticizing Trump or His Tariffs
Oil is trading at its lowest level in nearly four years. Costs are rising. And Wall Street is growing more worried by the day that President Trump’s trade policies will tip the United States into […]
Trump Officials Try to Calm Markets by Pointing to Talks on Tariffs
President Trump’s top trade official defended the administration’s aggressive tariff moves on Tuesday, arguing before a Senate committee that the U.S. economy is facing “a moment of drastic, overdue change” after decades of being propped […]
Stock Market Chaos Over Tariffs Could Take Toll on Economy
This time, maybe the stock market is the economy. Financial markets around the world have plummeted in the days since President Trump announced sweeping tariffs, setting off a global trade war. The S&P 500 declined […]